Highlights

  • SEEK operates a leading online employment marketplace across Australia, New Zealand and international markets.
  • FY26 results showed strong underlying Earnings growth and improved marketplace performance.
  • Investment portfolio losses and Impairment charges affected the statutory result.
  • Future performance depends on core marketplace growth, guidance delivery and Investment portfolio outcomes.

SEEK (ASX:SEK) operates one of Australia and New Zealand’s leading online employment marketplaces, connecting employers and Job seekers while maintaining exposure to selected international markets. The company’s marketplace position, pricing capability and high-margin operating model have supported long-term growth.

However, the Business also has exposure to investment holdings and growth assets, creating a more complex earnings profile. Following the FY26 result, investors are assessing whether the strength of the core marketplace can outweigh challenges from its investment portfolio.

Recent Development

For FY26, reported on 12 August 2026, SEEK (ASX:SEK) recorded sales Revenue of A$1,284 million, increasing 17%, while net revenue rose 10% to A$1,199 million.

EBITDA increased 15% to A$530 million, representing a Margin of 44%. Adjusted profit increased 28% to A$199 million, while adjusted Earnings Per Share rose 28% to 56 cents.

The company declared a record full-year Dividend of 52 cents per share, up 13% compared with the previous year.

Despite the strength of the underlying business, SEEK reported a total-operations statutory loss of A$371 million. The result was affected by a A$201.2 million net loss from the SEEK Growth Fund and significant items totalling A$377 million, including a A$356 million impairment related to its investment in Zhaopin.

Financial Performance

SEEK’s (ASX:SEK) FY26 results highlighted the difference between the performance of its core employment marketplace and its investment portfolio.

The marketplace business continued to perform well, supported by revenue growth, higher margins, Yield improvements and technology initiatives including artificial intelligence applications.

The statutory loss was primarily driven by investment-related factors rather than weakness in the core operating business. However, the impairment and portfolio losses demonstrate the Volatility associated with investment holdings.

For FY27, SEEK expects revenue of A$1,210 million to A$1,280 million, EBITDA of A$530 million to A$580 million and adjusted profit of A$185 million to A$215 million.

The guidance range suggests a more measured growth outlook compared with the strong FY26 improvement, making execution against these targets an important focus.

What Could Drive the Shares Next?

The key drivers for SEEK (ASX:SEK) include continued growth in its core employment marketplaces, further margin improvements and successful execution of FY27 guidance.

Growth in yield, increased monetisation through technology initiatives and improving labour-market conditions could support earnings momentum.

Greater clarity around the investment portfolio, including the performance of Zhaopin and the SEEK Growth Fund, could also influence investor sentiment.

A clearer distinction between the performance of the core marketplace and investment-related volatility may support a stronger market view of the business.

Key Risks

SEEK (ASX:SEK) remains exposed to employment-market cycles, as hiring activity and job advertisements can fluctuate with broader economic conditions.

The impairment related to Zhaopin highlights the risks associated with international investments and venture-style holdings, where valuations can change significantly.

FY27 guidance indicates a more moderate growth environment, meaning weaker-than-expected performance or additional investment write-downs could affect market confidence.

Investor Outlook

SEEK (ASX:SEK) delivered a FY26 result that combined strong marketplace earnings, higher margins and record dividends with significant investment-related losses.

The company’s future direction will depend on maintaining momentum across its core employment platforms while managing volatility from its investment portfolio.

Future updates on marketplace performance, FY27 earnings delivery, AI-driven monetisation and investment portfolio developments will be important indicators of whether SEEK can build renewed investor confidence.